According to the data of the analytical portal Coinmarketcap, over the last three years the bitcoin exchange rate has increased 18 times. From the level of $439, the asset was able to reach the level of $7800 this may. Cryptocurrency trading volumes also showed impressive growth - by 37 581%; if in 2016 this figure was $69 million, now trading volumes reach $26 billion.
Exactly three years ago, the total capitalization of the digital asset market reached $9 billion, and today this figure exceeds $242 billion $9 billion - this is an impressive figure, but at the moment there are two altcoins, whose capitalization is higher than this level — it is XRP and Ethereum. 16 altcoins boast a capitalization above $1 billion. As for the leading asset, bitcoin has left far behind other coins; its capitalization exceeds $138 billion.
The total trading volume of all digital assets reached its peak on may 23 - $80 billion; in 2016, this figure was at $92 million.
Analyst and entrepreneur Brian Kelly said that in the next two years, bitcoin will grow even more. The Executive Director of the investment company claims that the growth of the crypto currency will be affected by halvening (reduction of the reward for miners). In may next year, the supply for the main coin will decrease, while the demand for tokens will remain stable. The previous halvening ended after a while with a rapid growth of BTC to a historic high of $20,000.
According to Kelly, the bull rally happens a year before the halvening and continues for a year after it. Now - the beginning of this phase of growth. Financier recommends investors to invest 1-5% of money in digital assets.
Earlier, a number of experts suggested that bitcoin will update its historical maximum in March 2021